Olin Co. (NYSE:OLN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Olin Co. (NYSE:OLNGet Free Report) have been given an average rating of “Hold” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $56.27.

Several equities analysts recently commented on OLN shares. Deutsche Bank Aktiengesellschaft assumed coverage on Olin in a research report on Thursday, December 7th. They set a “hold” rating and a $52.00 price target on the stock. The Goldman Sachs Group upped their price target on Olin from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. downgraded Olin from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $48.00 in a research note on Monday, October 30th. Piper Sandler reduced their price objective on Olin from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 11th. Finally, KeyCorp upped their price target on Olin from $61.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, January 9th.

Get Our Latest Research Report on Olin

Olin Stock Up 0.3 %

Shares of NYSE:OLN opened at $50.79 on Thursday. The stock’s 50-day moving average price is $51.82 and its two-hundred day moving average price is $50.89. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14. Olin has a 12-month low of $41.71 and a 12-month high of $63.06. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.27 and a beta of 1.44.

Insiders Place Their Bets

In other news, VP Valerie A. Peters sold 71,800 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total value of $3,770,936.00. Following the transaction, the vice president now owns 19,469 shares in the company, valued at approximately $1,022,511.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Olin news, CEO Scott Mcdougald Sutton sold 539,328 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $53.96, for a total transaction of $29,102,138.88. Following the sale, the chief executive officer now owns 47,620 shares in the company, valued at $2,569,575.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Valerie A. Peters sold 71,800 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total transaction of $3,770,936.00. Following the completion of the transaction, the vice president now directly owns 19,469 shares in the company, valued at approximately $1,022,511.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 674,378 shares of company stock valued at $36,298,062. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Prospera Financial Services Inc boosted its holdings in shares of Olin by 3.7% during the second quarter. Prospera Financial Services Inc now owns 8,872 shares of the specialty chemicals company’s stock worth $456,000 after purchasing an additional 318 shares during the period. Lmcg Investments LLC boosted its stake in shares of Olin by 10.2% during the 2nd quarter. Lmcg Investments LLC now owns 59,637 shares of the specialty chemicals company’s stock worth $3,065,000 after acquiring an additional 5,500 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Olin by 12.2% during the 2nd quarter. Renaissance Technologies LLC now owns 729,900 shares of the specialty chemicals company’s stock worth $37,510,000 after acquiring an additional 79,600 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Olin by 4.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,838,733 shares of the specialty chemicals company’s stock valued at $94,493,000 after buying an additional 71,298 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Olin by 153.2% in the 3rd quarter. Quantbot Technologies LP now owns 24,674 shares of the specialty chemicals company’s stock valued at $1,233,000 after acquiring an additional 14,928 shares during the last quarter. Institutional investors own 85.69% of the company’s stock.

About Olin

(Get Free Report

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.

Further Reading

Analyst Recommendations for Olin (NYSE:OLN)

Receive News & Ratings for Olin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olin and related companies with MarketBeat.com's FREE daily email newsletter.